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Index used to adjust rent increases by 0,91%.

The rate is lower than that observed in the second preliminary reading for September, which was 1,36%. The drop was driven by wholesale prices, which had inflation of 1,2% in October compared to a rate of 1,93% in September, according to the Getulio Vargas Foundation.

The rate is lower than that observed in the second preliminary reading for September, which was 1,36%. The drop was driven by wholesale prices, which had inflation of 1,2% in October compared to a rate of 1,93% in September, according to the Getulio Vargas Foundation (Photo: Leonardo Attuch).

Vitor Abdala
Reporter from Agência Brasil

Rio de Janeiro - The second preliminary reading for October of the General Price Index - Market (IGP-M), used to adjust rental contracts, registered inflation of 0,91%. This rate is lower than that observed in the second preliminary reading for September, which was 1,36%. The drop was driven by wholesale prices, which had inflation of 1,2% in October compared to a rate of 1,93% in September, according to the Getulio Vargas Foundation (FGV).

Retail price inflation, as measured by the Consumer Price Index, rose from 0,23% in the preliminary September reading to 0,36% in October. The increase was driven by food prices, which rose from 0,17% in the preliminary September reading to 0,38% in October.

The Construction Cost sub-index rose from 0,3% in September to 0,31% in October. The IGP-M (General Price Index - Market) has accumulated increases of 4,63% this year and 5,32% over the last 12 months.